secwatch.observer — SEC 8-K summary
======================================

Issuer:     Astra Space, Inc. (—)
CIK:        0001814329
Form:       8-K
Filed at:   2024-07-18T23:59:59+00:00
Accession:  0001193125-24-180782
Event type: m_and_a
Sentiment:  negative
Materiality: 0.90
Item codes: 1.01, 2.01, 3.03, 5.01, 5.02, 5.03, 3.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Astra Space completes take-private merger at $0.50/share; delists from Nasdaq
-----------------------------------------------------------------------------

- Astra Space taken private by Apogee Parent (entities formed by co-founders Kemp and London) for $0.50/share in cash; aggregate consideration ~$8.1M.
- Class A common stock ceased trading on Nasdaq prior to market open on July 18, 2024; company to file Form 15 to suspend SEC reporting.
- Approximately 6.7 million Class A shares rolled over into Parent Series A Preferred Stock; no consideration for unvested RSUs or underwater options.
- Company had previously received Nasdaq deficiency notices for bid price <$1.00 and stockholders' equity <$2.5M.
- Outstanding 12.0% senior secured convertible notes due 2025 converted into Parent Series A Preferred Stock and canceled.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1814329/000119312524180782/0001193125-24-180782-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1814329/000119312524180782/d833105d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-180782

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer